Mongolia has agreed to supply France with critical metals it needs to transition to cleaner energy, Bloomberg reported on Sunday, May 21.
It is noted that such a decision was made during the first ever meeting in Ulaanbaatar between President of Mongolia Ukhnaagiin Khurelsukh and his French counterpart Emmanuel Macron.
“We decided to work together to strengthen our energy sovereignty by supplying the most important metals from your country, which has this resource,” the French leader told reporters.
The two countries will cooperate on renewable energy and nuclear energy, as well as on bilateral and international financing, to also help Mongolia’s decarbonization.
The European Union is trying to secure access to resources that are critical to its transition to clean energy and digital technologies, such as the lithium needed for electric vehicle batteries. He also wants to reduce his dependence on several suppliers, including Russia and China.The race for technology: which countries are hunting for rare earths Why China‘s dominance in the extraction of vital elements has not yet been broken declaration signed almost a year ago by Germany, Belgium, the Netherlands and Denmark to accelerate the construction of offshore wind farms so that by 2030 their capacity will reach 65 GW, which is about five times more than at present.
On the same day, it became known that the European Union decided to accelerate the implementation of the “Fit for 55 in 2030” climate program by limiting the sale of certificates for “non-environmentally friendly activities”. The desire of Western states to achieve energy independence from Russia has made an accelerated transition to “green” resources almost no alternative.
On January 29, German Chancellor Olaf Scholz and Argentine President Alberto Fernandez discussed the prospects for cooperation in the energy sector, in particular the supply of lithium and green hydrogen, at a meeting in Buenos Aires. Scholz also drew attention to the prospects for projects in the field of solar energy.Share: